LS Cable splits into LS Corp., LS Cable Ltd. and LS Mtron Ltd.
(CLOB) Seoul, July 1, 2008 - LS Cable splits into three independent entities as of July
1; LS Corp., a holding corporation and two other commercial affiliates, LS Cable
Ltd. and LS Mtron Ltd. LS corp. appointed John Koo as Chairman and Kwang-Woo Lee
as CEO; LS Cable Ltd. appointed Christopher Koo as Vice Chairman and CEO and
Jong-Ho Son as Senior Executive Vice President and COO; and LS Mtron Ltd.
appointed Christopher Koo as Vice Chairman and CEO and Jae-Seol Shim as Senior
Executive Vice President and COO. LS Cable will be responsible for key cable
businesses while LS Mtron will deal with machinery and electronic parts
businesses. LS Corp. will hold LS Cable, LS Mtron, LS Industrial Systems and
LS-Nikko Copper as affiliates and around 20 sub-affiliates including JS Cable.
The holding company will plan the whole LS group’s business portfolio including
new business and M&A while managing the brand, LS. LS Cable and LS Mtron are
said to have created the position, COO(Chief Operating Officer) to intensify
liability management and business specialty per affiliate.